How many Precision Door Service franchise transfers occurred in Virginia during 2023?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |
|---|---|---|---|
| Virginia | 2022 2023 2024 | 0 1 2 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 83–91)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Precision Door Service had one franchise transfer occur in the state of Virginia during 2023. The table provided in Item 20 of the FDD outlines the number of franchise transfers by state and year for 2022, 2023, and 2024.
Franchise transfers occur when an existing franchisee sells their franchise to a new owner. A low number of transfers could indicate franchisee satisfaction or a stable franchise network. However, it could also mean there isn't a strong resale market for Precision Door Service franchises in Virginia.
Prospective franchisees should investigate the reasons behind franchise transfers, both within Virginia and across the Precision Door Service system. Understanding the circumstances surrounding past transfers can provide valuable insights into the health and stability of the franchise network and potential challenges or opportunities in the Virginia market.